Wells Fargo, Largest Bank In America, Calls A Bitcoin Summit To Discuss

Wells Fargo, Largest Bank In America, Calls A Bitcoin Summit To Discuss "Rules Of Engagement"

"Rules of Engagement" are the exact words that Wells Fargo used, I can't make this stuff up guys... Even if I wanted to. As reported first in an FT article by Stephen Foley and Camilla Hall, Wells Fargo's anti-money laundering chief Jim Reynolds has launched a group to investigate how exactly Wells Fargo, and major financial institutions by extension and inclusion, might offer banking arrangements safely to Bitcoin-related services. Wells Fargo's chief executive John Stumpf further elaborated stating that it was Wells Fargo's standard bank practice to look into any financial innovations,....


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Wells Fargo Holds Summit on Bitcoin Engagement

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John Stumpf, “Mr. Clean” of American Banking who is known for the lack of controversy surrounding the bank he leads, is facing a major scandal. It’s led to calls for his resignation from Wells Fargo & Co., one of the U.S.’s big four banks. Stumpf, while in charge of Wells Fargo, led the bank record profits. But, the San Francisco-based lender was made to pay $185 million to settle allegations that it opened $2 million credit card and other accounts for customers without informing them. Stumpf, who became chairman in January 2010, became CEO in June 2007. He’s been a part of Wells....